Monday, May 21, 2012

To Our Galtian Overlords, the real economy is the Great Casino, the rest of it is just inputs into the probability matrix machine. What matters are "markets," not whether people have jobs or anything to eat. And the rest of the media largely follows this. When the stock market goes up, you can sense the "economy is fine!!!" narrative taking shape. When the stock market drops, worried coverage reappears.